Johnny Cash’s Former Home May Be Broken Up By Developers

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By Douglas A. McIntyre Updated Published
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Johnny Cash’s Former Home May Be Broken Up By Developers

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A house owned by Johnny and June Carter Cash is on the market for nearly $4 million. Realtors doubt it will sell as an individual home, so has been promoted as a property which can be broken up by developers and they resold in pieces

The house sits on the shore of one of Tennessee’s largest lakes, one which is man-made. The property, at 200 Caudill Dr, in Hendersonville has 4.49 acres and 1,000 feet of lake frontage on the Old Hickory Lake and the Cumberland River, which was created with the building of the Wolf Creek Dam in 1952. The asking price for the property is $3,950,000.

According to Realtor.com, “The famed home on 4.49 acres on Old Hickory Lake is now being promoted as a development opportunity. There are four 1-acre parcels, each with lake frontage and a harmonious pedigree.” According to the website, it has been on the market for 346 days. Among the drawbacks it has as a single family home is that it has only one bedroom and the inside measures only 546 feet.

Hendersonville has a population of just over 54,000. With the development of the lake, the figure exploded from 412 people in 1970 to 26,561 a decade later, and since then it has doubled. The median household income for the city is $50,108, somewhat below the national average. However, the poverty rate is 6.2%, less than half the national average. Almost 93% of the people who live in the city are white.

One of the drawbacks of the areas is worry about a major flood. The Wolf Creek Dam has had leaks. Heavy rain can increase the level of the river. The Cash house is barely above the normal water line.

Several Nashville country music stars have had homes in Hendersonville. These included Conway Twitty and Roy Orbison. Cash was an important enough resident that the main street in the city was named Johnny Cash Parkway. If developers do break up the land on which Cash’s home sits, his 50-year-old house will disappear.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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